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Automatic Data Processing Inc. (ADP)


Common-Size Statement of Financial Position, Assets

Difficulty: Beginner

Automatic Data Processing Inc., Common-Size Consolidated Statement of Financial Position, Assets

Microsoft Excel LibreOffice Calc
Jun 30, 2019 Jun 30, 2018 Jun 30, 2017 Jun 30, 2016 Jun 30, 2015 Jun 30, 2014
Cash and cash equivalents 4.65 5.85 7.48 7.31 4.95 6.19
Accounts receivable, net of allowance for doubtful accounts 5.82 5.35 4.58 3.99 4.67 5.62
Other current assets 1.24 2.04 2.38 1.66 2.29 8.71
Current assets before funds held for clients 11.72% 13.24% 14.44% 12.96% 11.91% 20.51%
Funds held for clients 70.27 73.17 73.40 77.49 75.10 60.08
Current assets 81.99% 86.41% 87.84% 90.45% 87.01% 80.60%
Long-term receivables, net of allowance for doubtful accounts 0.06 0.07 0.08 0.06 0.10 0.48
Property, plant and equipment, net 1.82 2.14 2.10 1.57 2.03 2.43
Deferred contract costs 5.80 0.00 0.00 0.00 0.00 0.00
Other assets 2.23 2.94 3.64 2.84 3.93 4.80
Goodwill 5.55 6.05 4.68 3.85 5.42 9.71
Intangible assets, net 2.56 2.39 1.67 1.22 1.52 1.97
Noncurrent assets 18.01% 13.59% 12.16% 9.55% 12.99% 19.40%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (filing date: 2019-08-09), 10-K (filing date: 2018-08-03), 10-K (filing date: 2017-08-04), 10-K (filing date: 2016-08-05), 10-K (filing date: 2015-08-07), 10-K (filing date: 2014-08-08).

Item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Automatic Data Processing Inc.’s current assets as a percentage of total assets declined from 2017 to 2018 and from 2018 to 2019.
Property, plant and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Automatic Data Processing Inc.’s property, plant and equipment, net as a percentage of total assets increased from 2017 to 2018 but then declined significantly from 2018 to 2019.
Noncurrent assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Automatic Data Processing Inc.’s noncurrent assets as a percentage of total assets increased from 2017 to 2018 and from 2018 to 2019.